About your Search

20121201
20121231
Search Results 0 to 4 of about 5 (some duplicates have been removed)
-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans believe this can be done through tax loopholes not raising rates on the wealthiest americans. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than
, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you mentioned, are here in hawaii. th atte also attended senator inouye's funeral this weekend. this is the president's first real vacation, jeff, in about a year. real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-
insurance. >> as an employee i've paid into the medicare system and they keep putting it out of reach for us. >> reporter: shifting the eligibility age upwards has gotten traction on capitol hill in recent years even among democrats. but republicans say they deserve serious credit for putting it on the table in these negotiations, scott, even though it might be unpopular. >> pelley: nancy, there's another tax that will be affected by all of this, the payroll tax and it was reduced by two percentage points during the economic crisis. it's listed on your pay stub as f.i.c.a. which, by the way, stands for federal insurance contributions act. it's, simply put, the money you pay to social security and medicare. that tax cut is due to expire at the end of this month also. so we asked jim axelrod to tell us what that will mean. >> reporter: the payroll tax cut is giving this family an extra $70 month to spend. john mejia is a maintenance man in new jersey. are you paying attention to what's going on in washington right now? >> of course we are. >> reporter: the mejia's $50,000 a year income puts th
Search Results 0 to 4 of about 5 (some duplicates have been removed)